Urban Exposure plc: Lending Update

24 December 2018

Urban Exposure plc

 

Lending Update

 

Urban Exposure plc (the "Company" or "Urban Exposure"), a specialist residential development financier and asset manager, today announces an update on its lending activities.

 

In the period from 29 November 2018 to 21 December 2018, the Company successfully closed new loans totalling £142 million, bringing total lending commitments since the IPO to c. £483 million. The loans cover development projects across the country, including Birmingham, Bracknell and London. Since the IPO, the Company has committed to finance the construction of 2,208 residential units, of which 270 are affordable housing units, and c. 64,000 sq ft of commercial real estate. The return profile of the new loans remains in line with expectations at IPO.

 

 

Enquiries:

 

Urban Exposure plc	Tel: +44 (0) 845 643 2173
Randeesh Sandhu, CEO
Liberum Capital Limited (Nominated Adviser and Sole Broker)	Tel: +44 (0) 20 3100 2000
Neil Patel
Gillian Martin
Jonathan Wilkes-Green
Louis Davies
MHP Communications (Financial Public Relations)	Tel: +44 (0) 20 3128 8540
Barnaby Fry
Charlie Barker
Patrick Hanrahan
Sophia Samaras

 

 

Notes to Editors

 

Urban Exposure plc is a specialist residential development finance and asset management company that has been formed to provide finance for UK real estate development loans. The Company focuses on two main revenue streams: interest and fees generated on principal lending from its own balance sheet, and asset management income generated from managing and servicing real estate development loans financed by third parties. For additional information, please visit Urban Exposure's website: www.urbanexposureplc.com and on twitter @UrbanExposureuk , LinkedIn: www.linkedin.com/company/urban-exposure/ and Facebook: www.facebook.com/UrbanExposureUK/